The great liberal pyramid scheme is broke. For the years 2010 and 2011 the fund is scheduled to take in less than it dishes out. Then by 2017 the fund is never to see the black again unless there are massive changes. The social security trust fund has 2.5 trillion dollars and will be able to stay afloat for awhile. The problem is that the trust fund doesn't really have any money in it. The vault is full of US Government IOU's in the form of Treasury Bonds. Social Security is for all intents and purposes out of money and we have barely started paying benefits to the baby boomers.
The baby boomers have just now started retiring. The baby boom generation will be retiring and drawing huge social security benefits over the next half a century. The trust fund is been spent on other frivolous liberal "great ideas". America will begin feeling the pinch next year as our deficit will climb ever higher. Once the retirements of baby boomers increase over the next five years America will quickly spiral into out of control deficits.
The liberal promise of a safety net for seniors is crashing down around them. The government is about to renege and is do absolutely nothing to resolve the issue. Instead of shoring up social security as was proposed since the turn of the century the democrats blocked any attempt ensure social security would be there not just for their own generation but for generations to come. The democrats scared seniors into believing republicans wanted to overturn social security. Nothing could be further from the truth. Republicans tried to shore up social security to avert impending disaster. The republicans saw this coming and new that the pyramid scheme would come crashing down if something wasn't done.
Now the democrats are ignoring this problem. They are ignoring the economy. They are ignoring everything the government is supposed to be doing. Instead the democrats are bent on destroying the American economy with redistribution schemes and a hostile takeover of the American health industry. The democrats need to get real and focus on the real ills facing America. Social Security is broken and the pyramid is about to come crashing down.